Hungary’s June PMI rises to 57.0 from May’s 51.9

BUDAPEST, July 1 (Reuters)Seasonally adjusted Hungary Purchasing Managers Index HUPMI=ECI rose to 57.0 in June from a revised 51.9 in May as most index components rose, the Logistics, Purchasing and Inventory Management Association (MLBKT) said on Friday.

He said the June reading was above the long-term monthly average of 51.9 and also topped an average reading of 50.8 in the same month for the past three years. The 50 point mark separates manufacturing growth from contraction.

“The index subcomponents show a mixed picture overall,” the index publisher said.

Production volumes are up compared to May and exceed the 50 point mark. New orders also rose and crossed the 50-point threshold, posting their strongest reading for the month since 1995, he said.

Delivery times rose from May, posting their weakest monthly reading since 1995, the index publisher said. Buying prices rose again, posting very strong growth, posting their highest monthly level since 1995, he said.

(Reporting by Krisztina Than and Anita Komuves)

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